Forbes February 5, 2025
Few energy startups are better positioned to cash in on Stargate than Helion, which has raised major funding from the AI initiative’s leaders, and signed a contract with another.
Stargate, the $500 billion effort to secure American AI supremacy for perpetuity backed by OpenAI’s Sam Altman and SoftBank founder Masa Son, among others, will require a gargantuan amount of energy to power it. As it happens, Altman and Son are backing a startup that says it can provide it.
It’s a fusion energy company called Helion that recently raised $425 million in a funding round backed by SoftBank. Prior to that it banked $375 million from Altman, who serves as Helion’s chairman. It was the single largest investment check the...
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